Atlanta, Georgia ~ On September 9, 2008, the Georgia Department of Banking and Finance’s (“Department’s”) Notice of Intent to Revoke Annual License became final against American Castle Development and Sales, Inc., d/b/a Taylor Made Mortgage (“Taylor Made Mortgage”), mortgage broker license number 19627, located at 48 Kingfisher Court, Douglas, Georgia 31535.
The Notice of Intent to Revoke Annual License provided that Taylor Made Mortgage made false statements or material misrepresentations to the Department; purposefully withheld information requested as part of an examination; employed a person against whom a final cease and desist order was issued within the three preceding years; and controlled a person who was unlicensed and unregistered, not exempt from licensing and registration requirements and who was not an employee of a mortgage broker or lender.
Pursuant to state law, it is prohibited for any person knowingly to purchase, sell, or transfer a mortgage loan or loan application from or to a mortgage broker or mortgage lender that is not licensed or exempt from licensing or registration provisions.
In conjunction with these violations, the Department issued an Order to Cease and Desist to Geoffrey Christian Taylor, the president of Taylor Made Mortgage. This Order to Cease and Desist also became final on September 9, 2008.
Pursuant to state law that was in effect when the violations underlying the Order to Cease and Desist were committed, the Department may revoke the license of a mortgage broker or lender that employs an individual against whom a final Order to Cease and Desist has been issued within the preceding five years if the Order resulted from conducting mortgage business with an unlicensed person or committing prohibited acts.
Rod Carnes, Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371